---
title: "PHOENIX PROPERTY released its 2024 annual performance, reporting a net loss attributable to shareholders of 179 million yuan, turning from profit to loss year-on-year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/233639473.md"
description: "PHOENIX PROPERTY released its 2024 annual performance, achieving revenue of 845 million yuan during the reporting period, a year-on-year increase of 30.75%; the net loss attributable to shareholders was 179 million yuan, turning from profit to loss compared to the previous year. The non-recurring net profit also recorded a loss of 179 million yuan, with basic earnings per share at -0.1910 yuan. The main reasons for the decline in net profit attributable to shareholders include the drop in real estate sales prices and the provision for asset impairment"
datetime: "2025-03-28T12:58:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/233639473.md)
  - [en](https://longbridge.com/en/news/233639473.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/233639473.md)
---

# PHOENIX PROPERTY released its 2024 annual performance, reporting a net loss attributable to shareholders of 179 million yuan, turning from profit to loss year-on-year

According to the Zhitong Finance APP, PHOENIX PROPERTY (600716.SH) disclosed its 2024 annual report, stating that the company achieved revenue of 845 million yuan during the reporting period, a year-on-year increase of 30.75%; the net profit attributable to shareholders of the parent company was a loss of 179 million yuan, turning from profit to loss year-on-year; the net profit excluding non-recurring gains and losses was a loss of 179 million yuan, a year-on-year expansion; basic earnings per share were -0.1910 yuan.

The main reasons for the change in net profit attributable to shareholders of the listed company are: 1. The continuous decline in real estate sales prices this year, with projects in Nanjing, Zhenjiang, and Nantong accruing asset impairment provisions, which did not occur in the previous year; 2. The company recognized gains from the sale of its holdings in the Huaxia ETF fund last year, which did not occur this year; the aforementioned reasons led to a significant decrease in net profit attributable to shareholders of the listed company compared to the previous year

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